Sapient Capital LLC Grows Stock Position in CSX Co. (NASDAQ:CSX)

Sapient Capital LLC increased its stake in CSX Co. (NASDAQ:CSX) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,069 shares of the transportation company’s stock after purchasing an additional 592 shares during the quarter. Sapient Capital LLC’s holdings in CSX were worth $1,164,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CSX. Perpetual Ltd purchased a new position in shares of CSX in the fourth quarter valued at $83,301,000. Assenagon Asset Management S.A. boosted its stake in CSX by 318.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after buying an additional 2,489,329 shares during the period. FMR LLC boosted its stake in CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after buying an additional 1,447,651 shares during the period. KBC Group NV boosted its stake in CSX by 616.4% during the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after buying an additional 958,957 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in CSX by 3.6% during the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company’s stock valued at $851,404,000 after buying an additional 857,302 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSX has been the subject of several research analyst reports. TD Cowen dropped their price objective on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, January 10th. Stephens reissued an “overweight” rating and set a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Robert W. Baird dropped their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.16.

CSX Stock Up 0.1 %

CSX opened at $33.11 on Wednesday. The company has a market cap of $63.85 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.91 and a beta of 1.23. The business’s 50-day moving average price is $32.88 and its 200-day moving average price is $33.85. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities analysts expect that CSX Co. will post 1.86 EPS for the current year.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.